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Utilize the sustainability model as a framework to address why per capita GDP might be an...

Utilize the sustainability model as a framework to address why per capita GDP might be an imperfect measure of a country’s standard of living.

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Answer #1

The main components or indicators or indicators of the economy is GDP the higher the GDP means higher the development and welfare vice versa relation.

But GDP alone considers as the better indicators of the economic growth because GDP does not take into consideration as overall perspectives of the economy.

The health, education, infrastructure development such other issues are not covered by the GDP hence economist requires other tools or index to measures the overall development of the country.

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